Translated Title: Decentralized Stablecoin USDS to Feature Freeze Functionality or Implement Decentralized Appeal Mechanism
Publication Time:2024-09-04 14:26:08
Rune, co-founder of Sky (formerly Maker), recently suggested that the newly minted stablecoin USDS might include an upgrade option for a decentralized court-like freeze feature. USDS was launched without a freeze feature initially, but it could be added under certain conditions, such as when the governing body decides to implement it. If the freeze feature is eventually implemented, USDS users will be able to leverage decentralized governance to ensure transparency and fairness in handling freeze incidents. Rune emphasizes that the specific implementation timeline and activation of the freeze feature for USDS remain uncertain. The introduction of this feature requires thorough legal, political, and regulatory analysis, and must go through an extensive design process within the decentralized Sky governance structure.
Cryptocurrency
stablecoin
Decentralization
freeze functionality
appeal mechanism